Showing posts with label Latest Commodity News. Show all posts
Showing posts with label Latest Commodity News. Show all posts

Wednesday, 23 April 2014

Top Most Reason of Loosing Money in Commodities trading

Lost Money in trading

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As we all are Commodity Trader, so this post is really very much important to know as well as need to understand the facts ...

If you have not heard by now, most people who trade commodities lose money. Most of the estimates range in the 80 to 95 percent range of those who have lost or who are losing in the world of trading commodities. Those statistics are dismal for someone who wants to venture into trading commodities. Fortunately, many of the losers have common traits that contribute to their losing and they can serve to help others become successful.

Here are four of the most common reasons why commodity traders lose money. If you can have the discipline to consistently overcome these common mistakes, you will put the odds much more in your favor.

Lack of Education on Commodity Trading

Many new traders do not educate themselves on how to trade commodities properly. This goes beyond learning the ticker symbols, futures margins and contract sizes of a variety of commodities. You are competing against other traders who have had the best training in the business and have been trading professionally for many years. Believe me, they will not take it easy on you. You keep score with money in this business and everyone is trying to score as many points as possible – no charity here.

At the very least, I recommend reading several good books on trading, starting with Trading By The Book by Joe Ross and Come Into My Trading Room by Dr. Alexander Elder. Don’t just read the books – implement their trading philosophies. I would also suggest learning how to trade from a successful trader. There are many professional traders available for instructing or you can take classes specifically devoted to trading commodities.

Over Leveraged Commodity Trading

Almost every small trader who ventures into commodities falls into this trap. There is huge leverage when trading commodity futures and a couple bad trades can wipeout the over leveraged trader. Fortunately, there is a simple rule you can follow to take care of this problem - do not risk your whole account on one trade. Also, do not trade a contract that is too large for your account size. For example, you shouldn’t trade three futures contracts that average a $2,000 move a day when you have a $10,000 account.

Money Management

Do not risk more than 5 percent on any one trade. Most professional money managers risk less than 2 percent on any one trade. This is tougher if you start trading commodities with only a $10,000 account. In this case you should risk no more $500 on a trade. If you want to risk no more than $500 on a trade, all you have to do is place a stop loss order $500 away from you entry. It doesn’t guarantee you won’t lose more than $500, but it is as close as you can get.
Money Lost in trading

Commodity Trading Plan

I cannot stress enough how important it is to have a trading plan in place before you begin trading commodity futures. A trading plan is your guide to how you will control your trading. It should be in writing and reviewed regularly. The trading plan should include the markets you will trade, your trading strategy, money management and even a plan to stop trading for a period of time if your account equity drops to a certain level. Trading without a plan will lead to erratic an undisciplined trading, which ultimately leads to painful losses.

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Monday, 31 March 2014

Latest FMC NEWS applied from 1st April : Commodity traders must read !!

broker in commodity

NEW DELHI: Commodity markets regulator FMC has decided to levy up to 5 per cent penalty - of the shortfall in the required margin money - on members of the national commodity bourses from April 1 for failing to collect the required amount from clients.
Exchanges have also been asked to put in place a suitable mechanism to enable members report collection of all margins from the
ir clients at the end of each trading day and to report short collection and non-collection on fifth day.

Members, also called brokers, are required to collect the 'margin money' from clients, which is later deposited with the exchange. Margin money includes a percentage of the value of commodity that a client is keen to trade.
FMC has issued fresh guidelines as the regulator has noticed several instances of non-collection and short collection of margins by members from their clients during inspection of their books of accounts.

As per new guidelines, a penalty of 5 per cent of the shortfall in margin money would be imposed on members who are repeated defaulters.

One per cent would be levied on each day if members fail to collect the margin money for more than three consecutive days after trading plus two working days (T+2). The same penalty would be imposed from the day one if initial margin is not collected.

The new guidelines will come into force from April 1. FMC said members will have to collect upfront initial margins from their clients. They are given time till 'T+2' working days to collect margins (except initial margins) from their clients.

Members are required to report to the exchange on T+5 day, the actual short collection/non collection of all margins from clients, it said.

The penalties collected should be credited to the Investor Protection Fund. The exchanges are directed to submit the report on the penalties to the FMC by the 10th day of the following month.

FMC said that incorrect reporting on collection of margin would attract members a penalty of 100 per cent of amount short collected.

Sunday, 30 March 2014

Best Trading Strategies : Commodities

trading strategy


A lot of commodity traders frequently enter into the trap of not being totally sure when to pick out gains on their commodity trades. Generally they take gains too speedily and other times they hold on for a big movement and their quick gain becomes into a loss. Knowing when to move out of a trade can often be quite difficult, but there are some simple steps to pick out that will help ease this trouble.
The 1st matter that all traders must see is that you will never get the top and bottom of every market on every trade. In point of fact, you wont still get close. There is no such matter as perfection in trading. The perfection that a trader requires to consider is applying the principles of a trading system to the letter and keeping discipline. 

A trader must think of trading more as a game of figures and possibly not trying to enforce system of logic on the markets. The markets will do no matter what they are going to do and nonentity can nail 100 percent of the about time what they will do. Generally a technical or fundamental frame up in a market will suggest that the market will make a large movement. Generally it will and sometimes it wont. Basically because of this, a trader has to be uniform on when to pick out gains. 

For instance, say that you most of the time buy a commodity at trendline financial support on the daily charts. You might risk $ 250 per contract on each trade and you strive for $ 500 gain. After that trading for a time period, you realise the markets will sometimes move far away from $ 500 gain objective and you leave lots of money negotiable. Other times, the market moves up $ 300 and reverses. You finally get stopped out at breakeven or you continue to hold and finally take a loss on the trade. 

After that a while, it is simple for a trader to get mixed up and disappointed. After that a couple trades in a row where the market goes well past the $ 500 gain objective, the trader decides she will hold on for a $ 1000 gain on the next trade. The markets will frequently mess with your head during the time you decide to do this. Sure enough, the market makes a $ 500 move in your way and so reverses. You end up getting out at breakeven, as you didnt want to handle your stop up too tight. 

This could happen over and over again. The more than times you change your gain objectives, the bad things will become. It is best to stick with the same gain scheme. If you have a high ease that you can be successful taking $ 500 gains and $ 250 losses, then stick to it. Dont worry about a market making a $ 2000 movement and missing out on gains. That will only drive you nuts. There will always be another trade coming in the future. If you have a profit and loss scheme that works, dont mess with it. 

There is one pinch that I commend traders to do. You can assess the average daily reach over a period of time of 10 or 20 days and correct you profit end goal consequently. In time of high unpredictability, you might want to have an objective of $ 700. In periods of low volatility, you might want to lower the target to $ 350. I wouldnt make changes too frequently, but this gives you some ideas for tweaking your formula. 

It is important for a trader to stay In the Zone so to speak. This means focus on taking your little slice of gains out of the market. Dont get greedy or egotistical and think you have to get every last penny of every movement. That type of thought is what gets traders to get mixed up and second-guess their trading. It clutters up their ideas and finally gets them to generate losses.


Tuesday, 25 March 2014

Successful And Unsuccessful People 5 important Difference

some of the biggest deviations between successful and unsuccessful people. understand five of them :. 

Successful And Unsuccessful People 5 important Difference

1. Successful people adopt change. Unsuccessful people fear it. "Adopting change is one of the hardest things a individual can do," . With the planet acting quicker and technology speeding up at a speedy fastness, it's essential that we adopt these changes and accommodate, rather than fear them, deny then, or hide out from them, he says. Successful people are able to do just that. 

2. Successful people speak about thoughts. Unsuccessful people speak about people. Alternatively of dishing the dirt specialized in people - which gets you nowhere - successful people talk about ideas. "Sharing ideas with other individuals will only make them better,"

3. Successful people admit responsibility for their losers. Unsuccessful people fault other individuals. Truly successful leaders and business people experience both ups and downs in their lifetimes and careers. But they always admit duty for their losers. Kerpen says faulting other individuals solves not anything. "It just puts other individuals down and perfectly no good comes from it.". 

4. Successful people give other individuals all the credit for their victories. Unsuccessful people take all the credit from other individuals. Letting people have their instants to shine needs them to work harder, and, accordingly, makes you look better as a leader or teammate. 

5. Successful people want other individuals to have success. Unsuccessful people in secret hope other individuals fail. "When you 're in a company with a group of people, in order to be successful, you all have to be successful," . That's why the most successful people do n't wish for their loss of life ; they want to see their workfellows win and develop. 

Other major deviations : successful people exude joy, share data and info, read every day, and continuously learn, while unsuccessful people exude anger, hoard data and info, see TV every day, and fly by the seat of their pants.



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Saturday, 22 March 2014

Latest Fundamental to watch for commodity Trading : Must Learn

economic calendar

A set of small -, mid -, and large cap US indices broke to new statistical levels this calendar week after shaking off a set of market-rattling geopolitical events, including Russia's appropriation of Crimea and additional derogation in the Chinese renminbi. Friday was also a triple-witching options expiry day, implying monthly stock, index, and quarterly index future options all expired at the same time. Traders can await overhang from these expirations on Mon.

The release of the FOMC's economical projects and inputs from Janet Yellen at her first press conference as Fed head have stimulated substantial volatility in interest rates. On Friday, FOMC talkers played down Yellen's comment that the Fed would begin growing its standard interest rate six calendars month after it discontinued its asset purchase programme. Next calendar week, the markets will be giving keen attending to eight addresses from various FOMC members. If the addresses were to clear up any of Yellen's inputs, they would likely be a convinced accelerator for equities. 
Next calendar week has three important economical data accounts in the US : Feb durables, personal spending, and new-home sales. Studying the harsh weather during the calendar month, there's a risk of missing prospects to the downside with all three accounts. Manufacturer prices already reported for Feb pointed to a important retardation in trade services, which ever implies that long lasting and capital goods orders for the calendar month may prove similar helplessness. Improvement retail sales for Feb rose 0.3 % month-over-month.

The third and final estimation of fourth-quarter domestic GDP will be published on Thursday. Economics expert are requiring a slight increase in the quarterly annualized growth rate due to a sizeable decrement in the current account shortfall for the quarter. Economics expert are now requiring growth will be 2.7 % in the quarter, up from the most recent government-reported estimation of 2.4 %. 
This coming Sunday, the advance estimation of China's Mar HSBC Market manufacturing PMI will be published. Basically because of the recent retardation in China's economical activity -- a dip attributed to the Lunar New Year holiday, which ever usually shuts factories for much of Feb -- it's very likely any convinced movement therein index ends up being a convinced accelerator for Chinese risk pluses on Mon. The written report will be published on Sunday at 9:45 p.m. EDT. 
Earnings season has not officially started for the first quarter, so the coming calendar week will only feature a few accounts. Companies of note include Walgreen (NYSE : WAG), Paychex (NASDAQ : PAYX), Gamestop (NYSE : GME), and PVH Corp (NYSE : PVH). 
Mon, Mar 24. 
US Economics (Time Zone : EST).

08:30 Chicago Fed - expected 0.10, prior -0.39.
09:45 Markit US Manufacture Preliminary PMI - exp 56.5, prior 57.1.
11:00 Fed to purchase $ 500m - $ 750m notes in 11 to 20-year range.
11:30 Treasury selling $ 25b 3-month, $ 23b 6-month bills. 


09:00 am Stein addresses in Washington. 
Global Economics (Time Zone : GMT). 

01:45 CNY HSBC Markit Flashing Manufacture PMI (Mar advance). 
09:00 EUR Eurozone Manufacture & Services PMI (Mar advance). 

Tuesday, March 25. 

US Economics (Time Zone : EST). 
09:00 FHFA Home Price Index (Jan) MoM - exp 0.5 %, prior 0.8 %. 
09:00 S&P CS 20-City Complex MoM - exp 0.60 %, prior 0.76 %.
09:00 S&P CS YoY - exp 13.40 %, prior 13.42 %.
10:00 Consumer Trust - exp 78.5, prior 78.1. 
10:00 Richmond Fed - exp 3, prior -6.
10:00 New Home Sales - exp 445K, prior 468K.
11:00 Fed to purchase $ 1b - $ 1.25 b notes in 22 to 30-year range. 
11:30 Treasury selling 4-week bills.
1:00 Treasury selling $ 32b 3-year notes. 


4:00 pm Lockhart addresses in Atlanta.
7:00 pm Plosser addresses in New York. 

Global Economics (Time Zone : GMT). 

05:00 JPY Small Business Trust. xEOL .09:00 EUR German IFO Current Assessment, Expectations. 09:30 GBP CPI. 

Wednesday, Mar 26. 

US Economics (Time Zone : EST).
07:00 MBA Mortgage Applications.
08:30 Durable Goods Orders (Feb) - expected 0.7 %, prior -1.0 %. 
08:30 Durable Goods ex Transports - exp 0.3 %, prior 1.1 %. 
08:30 Cap Goods Orders Nondef Ex Air - exp 0.5 %, prior 1.7 %. 
08:30 Cap Goods Shipments Nondef Ex Air - exp 1.0 %, prior -0.8 %. 
09:45 Markit US Services PMI Preliminary - exp 5.40, prior 53.3. 
11:00 Fed to purchase $ 2.25 b - $ 2.75 b notes in 7.5-10-year range.
11:30 Treasury selling $ 13b 2-year FRN. 
1:00 Treasury selling $ 35b 5-year notes. 


2:00 am Bullard addresses in Hong Kong on monetary policy. 
8:20 pm Bullard addresses in Hong Kong on monetary policy. 

Global Economics (Time Zone : GMT). 

07:00 EUR German GfK Consumer Trust.
07:00 CHF UBS Consumption Indicator. 

Thursday, Mar 27. 

US Economics (Time Zone : EST). 
08:30 Initial Jobless Claims - expected 322K, prior 320K. 
08:30 Continuing Claims - exp 2882K, prior 2889K. 
08:30 GDP Annualized QoQ (4Q final) - exp 2.7 %, prior 2.4 %.
08:30 Core PCE QoQ - exp 1.3 %, prior 1.3 %. 
10:00 Pending Home Sales MoM - exp 0.1 %, prior 0.1 %. 
11:00 Kansas City Fed - exp 5, prior 4. 
11:00 Fed buying $1b-$1.25b bonds in 22 to 30-year range


12:45pm George speaks in Kansas City
Global Economics (Time Zone: GMT)
JPY Jobless Rate
JPY Retail Sales
CNY Leading Index
09:30 GBP GDP (4Q final)
10:00 EUR Eurozone Economic Confidence




Thursday, 13 March 2014

Benefit of Multiple Trading accounts in Stock and Commodity

Do you Have multiple accounts in Stock and commodity and not taking benefit of that here some tips to take that.
 If you are a stock exchange fancier, then you have acquired with the trends of the stock exchange. Having strategies to fall back on when the stock exchange is volatile, is one of the important aspects for any investor in the stock exchange. With the increasing pace of the stock exchange, the idea of having multiple accounts is rotatory. Lets take a look at the various reasons to have multiple trading accounts :. 

Once you have started investing in the stock exchange, it would be ideal to have multiple trading accounts even if you have do not ever traded before. A individual trading account appears logically for individual investors. Yet, individual and multiple investors should look at having the convenience of multiple trading accounts. Most stock exchange experts suggest having multiple trading accounts, as it permits one to handle various portfolios with equal leverage. There are three superior reasons why investors should have standalone trading accounts and that can be cited below :. 
Multiple Trading Account
I. When being flexible can help you reap benefits : When the market acts against or for your investments, quick and timely actions based on the movements of the stock exchange, are the most rewarding. With access to multiple trading accounts, you can easily respond to different market movements. A individual account often has limitations to the amount of movements you can respond to. 

II. Benefit while executing trades : Whether you are day-trader, swing-trade or even a long term trader, its important to have multiple accounts. Multiple trading accounts give leverage to the trader or the stock broker that is normally not available with a individual account. Its easier to tap into opportunities when one does not have trading limitations that are usually imposed on traders with individual accounts. Not only will one be capable of making multiple trades, but it will also be possible trade at any time. 

III. Each investment has a standalone account : Investments can be diversified. The stock exchange has a varied number of asset classes which can not be ignored. Dont restrict yourself with one account that invests only in mutual funds ; open another one in shares and a third perhaps in commodities. Having the convenience of multiple accounts can help earn profits with investments in these diversified segments. 

Convenience is the key result of having multiple trading accounts. One should not be restricted by having limitations to the number of trades one can conduct. Opt for the accessibility of having multiple trading accounts within one platform. Link all your accounts so that you can easily track them. If you are interested in having a stock broker manage your accounts, ensure that they consolidate multiple trading accounts. With this integration, your stock broker will also be able to track the trading accounts with ease. Look around for stock brokers who supply user friendly software system to control and supervise multiple trading accounts. 

Broker's Role in Your Investment and Trading

The role stock brokers have acquired in a big way during the last few years. Now brokers are not just here to buy or sell stocks on behalf of their clients. They play a bigger role in helping an investor wade through whole investment process ; providing research based totally advice on stocks to helping client to invest in alternative assets ; and subscribing to IPOs and mutual funds schemes. 

Apart from this, brokers also offer funding facility for investors who are looking to take leverage position. 

So, the traditional brokers have translated themselves into a one-stop investment solution provider

Let us now look at some of the important roles the new age stock broker plays in a clients investment journey. 

Buying & Selling stocks. 

This is the primary purpose of a broker. Brokers act as an intermediary for their clients to transact on a stock market. He buys and sells stocks for individuals who have signed up with him as clients. 

With the onset of on line trading facilities investors could narrowly execute trades on the trading platform offered by the brokerage house. 
After closing of the transaction, brokers forward info related the trade to their clients and make transfer arrangement for the stocks purchased. And also send the report points and margin requirements. 

Research & Advice. 

Most of the broking businesses firm have set up in-house research team that scans companies and stocks as well as analyze the macro-economic scenario that impacts the stock exchange. With the inputs from the research team, brokerage house puts buy or sell recommendation on stocks. 

Brokers also have chartist who would supply market trends and intraday trading tips. They send out news and other alerts on a continuous basis. Brokers also conduct investor training programmes to help improve their clients knowledge about investing in the markets

Personalized service : Most broking firms assign a relationship manager to interact with the client who would act as an advisor Kinship mange.

Monday, 10 March 2014


Mutual funds offload Rs 10,000 cr of shares by mcx operator

Mutual funds dealt shares worth over Rs 10,000 crore during the first 11 calendars month of the most recent fiscal year on kept salvation force per unit area. 
In contrast, they pumped in a staggering Rs 4.43 lakh crore in the debt market during the time period. 

Mutual funds offloaded Rs 10,319 crore of shares in the first 11 months of this fiscal year, according to data with market regulator Securities and Exchange Board of India. 
Fund businesses firm have been net marketers in the equity market since September, while they were net buyers of shares to the tune of Rs 1,607 crore in August. 

Mutual funds sold equities in nine of the first 11 months and were net buyers in May and August. 
The bighearted outflow in equities during this period was in October, when fund businesses firm pulled out Rs 4,018 crore. 

Besides, the quantity of leaves in equity-oriented strategies plunged by more 35 lakh due to volatility in the stock exchange

Mutual funds collect money from investors and buy stocks, admiting IPOs (primary market), and bonds. 

Market players believe that fickle stock exchange, the depreciating rupee and an uncertain interest rate regime were the factors that determined investment flow in the mutual fund industry this fiscal year. 

"During the most recent fiscal, mutual funds have seen a rise in influxes primarily due to gains in debt fund. Nevertheless, equity funds have been facing redemption pressure for some time," a market player noted. 

"Equity fund investors have been withdrawal method at higher levels of the market, indicating their lack of trust in the market's ability to sustain at these levels," he added. 

Nevertheless, analysts are optimistic about equity strategies in 2014 on hopes that a stable government after the general elections will help boost the stock exchange.

Friday, 7 March 2014

Gold's next move? More bullish or Bearish from today??

Gold prices eased slightly in Asian trade on Friday, retracing overnight gains in the U.S. after the European Central Bank left monetary policy unchanged and sparked demand for the single currency, which came at the greenback's expense.

Crude oil prices gained in Asia on Friday as the markets shrugged off bearish factors such as ample U.S. supplies and looked ahead to prospects of renewed flareups in the Ukraine over a referendum on the sovereignty of the Crimean peninsula

As the hip-hop duo Outcast once supposed, You can plan a pretty picnic, but you cant predict the weather. Big Boi and Andre 3000 couldve been describing the commodity markets so far this year. 

gold commodity
From drought in Brazil to the arctic blast  that swept across North America uttermost weather condition drove coffee, sugar and natural gas into bull markets  even as escalating political tension in Ukraine created supply risks for energy and grains. The rally for raw materials was a surprise to banks from Citigroup Inc. to Goldman Sachs Group Inc. that had forecast 2014 would mark a continuance of last years slump.xEOL.xBL.Commodity funds recorded inflows of $ 1.57 billion last month, the first increase since September, after withdrawals last year reached a record $ 43.3 billion, according to researcher EPFR Global. Investors who shunned gold as the metal slumped into a bear market in 2013 increased holdings through exchange-traded funds in February for the first time  | first} since 2012. Dryness in Brazil erased the prospect of a record coffee crop as prices jumped, after the longest slide in two decades. 

Its a series of mostly unrelated factors that are catching commodities  at once when they've already been heavily sold, said Paul Christopher, the St. Louis-based chief international strategist at Wells Fargo Qualified personnel, which manages $ 1.4 trillion. A lot of these factors are weather condition related and will fade. I dont think this is a viable opportunity for a long term investor. Its more of a trading opportunity.. 
xBL .2014 Gains. 

The Standard & Poors GSCI Spot Index (BUSY) of 24 commodities climbed 3.1 percent this year, led by an 77 percent surge for coffee and gains for hogs, corn and gold. The MSCI All-Country World Index of equities rose 1.1 percent, and the Bloomberg Dollar Spot Index, a gauge against 10 major trading partners, slid 0.6 percent. The Bloomberg U.S. Treasury Bond Index rose 1.6 percent. 

The GSCI index fell 2.2 percent last year, the first decline since the global recession in 2008, as a decade of higher prices spurred producers to build new mines, drill more wells and expand crop planting. Increased supply combined with slowing growth in China, the biggest user of everything from soybeans to zinc and cotton, prompted New York-based Goldman and Citigroup to declare an end to the commodity super cycle that caused raw materials to almost quadruple since 2001. 

While many investors threw in the towel after last years slump, they shouldnt give up on commodities, said Michael Aronstein, who correctly predicted the plunge in raw materials in 2008 and the 2009 rebound. 

Global Expansion.xEOL.xBL.Commodities will just be normal cyclical participants in an accelerating expansion globally, said Aronstein, the president and chief investment officer of Marketfield Asset Management LLC in New York. You're returning to local supply-demand functions in commodities. Aronstein said he started buying commodity-related equities at the end of 2013. 

The U.S. economy will grow 2.9 percent this year, accelerating from 1.9 percent in 2013, a Bloomberg survey shows. The euro area will expand by 1.1 percent after a contraction of 0.5 percent last year. Eighteen of the 24 commodities in the GSCI index climbed in 2014, and 10 of them have posted gains of 10 percent or more. 

Its been a year full of surprises, without doubt about that, said David Rosenberg, the Toronto-based chief economist at Gluskin Sheff & Associates, which manages about $ 6.8 billion. There is a time-worn relationship between overall global growth and the commodity complex. Between what the U.S. is going to do this year and what Europe is going to do, global growth is going to be accelerating.. 

Coffee, Crude. 

Arabica coffee, the bean variety favored by Starbucks Corp., reached a two year high this week amid the driest summer since 1972 for Brazil, the biggest grower. Crude oil jumped to the highest since September, reaching $ 105.22 a barrel in New York on March 3 as tensions escalated between Ukraine and Russia, the biggest energy exporter. Unusually frigid  weather condition in the U.S. boosted demand for heating fuel, while supplies of natural gas and coal will decline to six-year lows by the end of this month, government data show. 

The supply-and-demand outlook for individual commodities, rather than macroeconomics, is now driving prices, said Michael Haigh, the head of commodities research at Societe Generale SA in New York. Raw materials dont have much more downside because prices are near the cost of production, while the outlook for slowing growth in China and emerging markets  generally has already been factored in, he said. 

More Neutral. 

Citigroup has turned more neutral, though the bank still isnt bullish, said Aakash Doshi, a vice president of Citigroup Global Markets Inc. in New York. Geopolitical risk and weather condition spurred this years rally, and increased supplies will mean prices probably will dec.

Thursday, 6 March 2014

why gold is holding 1335$ ,UKRAINE cues??

Gold was trading in a tight range on Thursday, supported above $ 1,335 an ounce by weak US data, with investors awaiting further cues from developments in Ukraine and a key jobs report. 

gold news

Traders said they expect a quiet trading session ahead of Friday's US nonfarm payrolls report, which should help them gauge the strength of the labor market in the world's top economy and the outlook for the Federal Reserve's stimulus.

Tensions between Russia and the West over Ukraine should meanwhile support gold, often seen as a safe-haven asset.

"In the next few days, the situation in Ukraine will continue to be uncertain and will keep the markets nervous. Because of that, I expect an upside potential in the short term for gold prices," said Alexis Garatti, an economist at Haitong International Research in Hong Kong.

Spot gold was trading nearly flat at $ 1,337 an ounce by 0331 GMT, after rising slightly by 0.2 percent in the previous session on soft data on US private hiring and services sector growth.

Gold hit a four-month high on Monday near $ 1,355 an ounce after Russia's {incursion} into Ukraine's Crimea region over the weekend. Russia and the West face their most serious confrontation since the Cold War over Ukraine, a major commodities exporter and strategic link between East and West.

Diplomatic efforts to resolve the Ukraine crisis made little headway at talks in Paris on Wednesday.

The US State Department dropped diplomatic niceties and all but accused Russian President Vladimir Putin of lying about events in Ukraine, publishing a list of what it said were 10 of his "false claims.".

DATA EYED After recent data showed the US economy has been impacted by severe weather conditions, financial markets are looking towards a jobs report on Friday for direction. 

Jobs growth likely picked up enough in February to encourage the US Fed to continue to scale back its monetary stimulus, although the gain is likely to be tepid given the unrelentingly harsh winter weather.

"Since there has been no major development in Ukraine, people are looking for the nonfarm data before taking any big positions," said one gold trader.

Among other precious metals, platinum was trading near a six-month high on supply worries.

Wage talks between the world's top platinum producers and South Africa's Association of Mineworkers and Construction Union collapsed on Wednesday, {dashing hopes  | disappointment} for an end to a crippling six-week strike.

Tuesday, 4 March 2014

why todays Gold rate in MCX and Comex falling because of ?? : Commodity News

Gold in MCX and Comex falling because of ?? : latest commodity news

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Article about MCX GOLD movement today read below

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Gold prices fell more 1 % on Tuesday, as investor demand for safe haven assets declined as tensions over the political and military crisis between Russian and Ukraine eased. 
Gold extends losses following Putin comments Gold futures fall more 1 % as Ukraine-Russia concerns ease. 

On the Comex division of the New York Mercantile Exchange, gold futures for April delivery decreased to a session low of $ 1,331.70 a ounce. Prices last traded at $ 1,333.30 an ounce during U.S. morning hours, down 1.25 %, or $ 17.00. 
Gold futures rallied to $ 1,355.00 an ounce on Monday, the most since October 30, before trimming gains to settle at $ 1,350.30, up 2.17 %, or $ 28.70. 
Prices were likely to find support at $ 1,319.30 a ounce, the low from February 28 and resistance at $ 1,355.00, the high from March 3. 

Meanwhile, silver for May delivery tumbled 1.8 %, or $ 0.38 cents, to trade at $ 21.10 a ounce. The May contract ended Mondays session up 1.15 %, or $ 0.24 cents, to settle at $ 21.48 an ounce. 

Silver futures were likely to find keep at $ 21.02 a ounce, the low from February 27 and resistance at $ 21.74, the high from March 3. 

Speaking at press conference earlier in the day, Russian President Vladimir Putin said he currently sees no need to use military unit in Ukraine, but Russia has the option to do so. He added that use of military unit is a choice of pis alter. 
Putin also said that sanctions against Russia would cause mutual damage and any threats towards Russia would be counter-productive. 
Gold prices were already on the decline as the chance of military conflict in Ukraine eased after the Russian defense minister ordered troops engaged in military exercises around Ukraine's margins to return to their bases. 
Futures beat up sharply on Monday as geopolitical tensities mounted after Russia's parliament authorized President Putin to use military group in Ukraine. 
Elsewhere on the Comex, copper futures for May delivery came up 0.6 % to trade at $ 3.191 a pound, as investors looked ahead to the start of Chinas National Peoples Congress annual meeting on Wednesday. 
The latest meeting of the legislature, the first to be overseen by President Xi Jinping and Premier Li Kenning, comes amid lingering concerns over the health of the country's economy. 
The Asian nation is the worlds largest copper consumer, accounting for almost 40 % of world consumption last year.